NV5 Awarded $9 Million for New York City Parks & Recreation Facility Improvements
December 29 2022 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of technology, conformity assessment, and consulting
solutions, announced today that it has been awarded a $9 million
contract by the New York City Department of Parks and Recreation to
provide landscape architectural design services throughout New York
City. The agreement carries an initial term of three years, as well
as a two-year renewal option.
Under this contract, NV5 will design improvements for facilities
such as sports fields, playgrounds, skate parks, tracks,
waterfront, natural areas, and shoreline restoration. Special focus
will be placed on sustainable design to improve the connection
between parks and neighborhoods, as well as the utilization of
green infrastructure techniques to promote resiliency. This is
NV5’s second consecutive agreement of its kind with the New York
City Department of Parks and Recreation.
“We are pleased to expand our relationship with the New York
City Department of Parks and Recreation and to contribute to
improvements that will enrich the lives of New York City residents
and visitors,” said Dickerson Wright, PE, Chairman and CEO of NV5.
“Sustainable features such as the incorporation of green spaces,
opportunities for underserved communities, and improved livability
continue to be drivers of modern infrastructure and facility
development, and NV5 is proud to be a leader in sustainable
infrastructure solutions.”
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, conformity assessment, and consulting
solutions for public and private sector clients supporting utility,
infrastructure, and building assets and systems. The Company
primarily focuses on six business verticals: utility services,
infrastructure engineering, testing, inspection & consulting,
buildings & owner representation, environmental health
sciences, and geospatial technology services. NV5 operates out of
more than 100 offices nationwide and abroad. For additional
information, please visit the Company’s website at www.NV5.com.
Also visit the Company on Twitter, LinkedIn, Facebook, and
Vimeo.
Forward-Looking StatementsThis press release
contains “forward-looking statements” within the meaning of the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. The Company cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking
statements contained in this news release. Such factors include:
(a) changes in demand from the local and state government and
private clients that we serve; (b) general economic conditions,
nationally and globally, and their effect on the market for our
services; (c) competitive pressures and trends in our industry and
our ability to successfully compete with our competitors; (d)
changes in laws, regulations, or policies; and (e) the “Risk
Factors” set forth in the Company’s most recent SEC filings. All
forward-looking statements are based on information available to
the Company on the date hereof, and the Company assumes no
obligation to update such statements, except as required by
law.
Investor Relations ContactNV5 Global, Inc. Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
Source: NV5 Global, Inc.
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